Just about 3 weeks back, we spotted some bullish actions with YZJ Shipbldg finally breaking free above the 0.95 level…
There were always selling pressure seen at 0.95 but finally sellers gave up and buyers were back in control…
The 1.00 psychological level gave a few days later as well…
Hence some short term upside was possible and target drawn.. See what I mean…
Our first upside target at 1.10 was hit last week and some profit taking expected….
However, we did not rule out more upside if more bullish actions are seen…
With a potential for our higher target to be realized too…
Seeing some actions above the 1.10 resistance for now….
More upside to our 2nd target from here? Watching for more confirmation….
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